Multiple Choice
The next questions refer to the following.
Current income is 300, expected future income is 363, and the interest rate is 10%.
-If current income rises to 363 and consumption is smoothed across periods,then consumption in each period becomes
A) 326.7
B) 363
C) 399.3
D) 350
E) 371
Correct Answer:
Verified
Correct Answer:
Verified
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